10 Jan
The Rhode Island General Assembly introduced a new bill on Wednesday “at the request” of Governer Lincoln Chafee’s administration, which would resolve the $75 million debt caused by a loan given to 38 Studios. The bill addresses “court-approved settlements,” stating that “a person, corporation, or other entity who has resolved its liability to the Rhode […]
19 Dec
Bohemia Interactive CEO Maruk Spanel announced yesterday on Twitter that DayZ had sold 88,000 copies in its first 12 hours of going on sale. He later confirmed on his personal blog that the game had sold 172,500 copies during its first 24 hours on sale. Bohemia is selling the open-world survival game through its own […]
13 Dec
The Big Huge Games trademark and the Rise of Legends and Rise of Nations properties were sold in 38 Studios’ intellectual property auction this week for $320,000. It is unknown who won the auction for those properties. Court appointed receiver for the assets Richard J. Land did “not receive acceptable offers for the remaining lots,” […]
06 Dec
The three-year bankruptcy recovery plan of Atari’s U.S. branch received court approval yesterday, The Wall Street Journal reports. Judge James Peck in U.S. Bankruptcy Court in Manhattan approved the plan, and it was also supported unanimously supported by Atari’s unsecured creditors. The plan will see Atari pay back the full $3.8 million owed to bankruptcy […]